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U.S. Biocides market to witness substantial gains through 2024

Author : Ravi Chawat | Published Date : 2021-02-17 

According to a report, the biocides market size is predicted to hit USD 15.94 billion by the end of 2026. Biocides are used for developing personal products such as face wash, cleansing conditioners and soaps due to their antimicrobial characteristics. Also, increased emphasis on hygiene owing to the COVID-19 pandemic will possibly increase the biocides market growth.  

Biocidal wood preservation products protect timber from insect infestations in wood that multiply and further deteriorate the sheer strength as the years pass on. Growing demand for sustainable wood products to manufacture durable furniture products coupled with the indispensable wood usage across the construction industry will foster product penetration in the region. UK biocides market size with regards to the wood preservation application segment exceeded USD 33.5 million in 2017.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/150

The U.S. nitrogen biocides market demand is driven by booming pharmaceutical, healthcare and food processing industries. As the product is highly effective against fungi and bacteria, it is used as a food additives for lowering the chances of microbial contamination. Changing consumer lifestyles and thereby the growing demand for fresh food products are anticipated to augment the regional growth. As per reliable estimates, the U.S. nitrogen biocides market is set to register over 5% gains by 2024.

Growing adoption of natural gas to reduce the escalating carbon emissions will propel product consumption across the fuel applications. Implementation of biocides in hydrocarbon fuel products effectively eliminates the chances of microbial fouling which can lead to microbial corrosion hampering the equipment life. Therefore biocides treated fuels are extensively used to power on road or off road automobiles, locomotives, ships, aircrafts and power generation equipment. Growing consumer inclinations toward natural gas complemented by robust development of natural gas distribution pipeline network across the globe should drive product demand over the forecast period. China biocides market size from fuels application segment is anticipated to exceed USD 80 million by 2024.

Increasing number of renovation and construction activities could drive the demand for biocides in Central & South America. Estimates suggest that the regional market could observe a compound annual growth rate of 5.5% during the analysis period.

While in MEA, the industry is anticipated to register tremendous growth backed by proliferating downstream, upstream and exploration activities in the oil & gas sector. Forecasters claim that the regional market could cross a valuation of $340 million by 2026.

Biocides are non-toxic, high-cleansing chemicals that are used for deterring and rendering control on hazardous pathogens through chemical or biological synthesis. These chemicals are prominently used in the cosmetics, and food & beverage industry owing to their preservative characteristic and high solvent resonance.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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